A Nobel winner's solution to the tragedy of the commons
jennimorales.substack.com
Last week, the Nobel Prize in Economics was announced. Claudia Goldin of Harvard won for her work on gender and the labor market. I’m planning to dive into her work soon, but this week I want to share something from another Nobel Economic laureate. Elinor Ostrom was the first woman to win the Nobel Prize in Economics in 2009. Her prize lecture was packed with insight and lessons learned from her long career. It is excellent in its entirety but relies on economic jargon, complex sentences, and in-depth case studies. Ostrom never sacrifices precision for simplicity. That precision of thought and speech is what made her work so outstanding, but it can be a barrier to understanding the rich concepts she developed.
A Nobel winner's solution to the tragedy of the commons
A Nobel winner's solution to the tragedy of…
A Nobel winner's solution to the tragedy of the commons
Last week, the Nobel Prize in Economics was announced. Claudia Goldin of Harvard won for her work on gender and the labor market. I’m planning to dive into her work soon, but this week I want to share something from another Nobel Economic laureate. Elinor Ostrom was the first woman to win the Nobel Prize in Economics in 2009. Her prize lecture was packed with insight and lessons learned from her long career. It is excellent in its entirety but relies on economic jargon, complex sentences, and in-depth case studies. Ostrom never sacrifices precision for simplicity. That precision of thought and speech is what made her work so outstanding, but it can be a barrier to understanding the rich concepts she developed.